GDN 0.00% 1.7¢ golden state resources limited

watchout they are coming back, page-21

  1. 5,961 Posts.
    lightbulb Created with Sketch. 591
    Hi Colquhoun, thanks for correcting my reading of things, much appreciated.

    Hi invertedva, I am happy that P3 odds are much better than previous. though it looks like GDN will need to do another cap raising in the next 6 months as they only have money for drilling, virtually nothing left over for ongoing admin. I just feel even if we strike it lucky its going to be a long road to real growth, The SP will only set the world alight once we are in a position where we can clearly become debt free.
    Obviously the SP will run on success, but I'd be very reluctant in thinking we can get anything near a ten bagger.
    Maybe 5 bagger should be the phrase championed by rampers this time :)

    I am a holder since P2, I am not disgruntled, just cautious. I dont intend adding new money regardless of outcome. I handled the P2 run poorly, due to inexperience, so losses incurred are entirely my own fault.

    I dont want to cross promote so I wont draw comparisons to TSV.
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.